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Sandywoods Farm developed by Church Community Housing. Funded in part through BHRI.
Sandywoods Farm developed by Church Community Housing. Funded in part through BHRI.
Bourne Mill developed by EA Fish. Funded in part through BHRI.
Sandywoods Farm developed by Church Community Housing. Funded in part through BHRI.

Tiverton at a Glance:

The town of Tiverton is located in Newport County, Rhode Island. Tiverton is located on the eastern shore of Narragansett Bay, across the Sakonnet River from Aquidneck Island. Together with the adjacent town of Little Compton, the area is disconnected from the rest of the state of Rhode Island. The northern portion of the town is located on Mount Hope Bay. According to the United States Census Bureau, Tiverton has a total area of 36.3 square miles, of which 7.0 sq mi is water. The northern portion of greater Tiverton is North Tiverton, Rhode Island.
Tiverton's governmental structure is composed of a seven-member Town Council and a Town Administrator.

Housing Facts: 2011

Typical monthly housing payment* for a $207,000 house $1,607
Household income required to afford a $207,000 house $64,261
Average monthly rent for a two-bedroom apartment $1,158
Household income required for that rent to be affordable $46,320
Average private-sector wage for jobs in Tiverton $35,204
Foreclosures in Tiverton  
Actual number of foreclosures 12
Total number of mortgaged housing units 3,596
Foreclosures as a percentage of mortgaged stock 0.30%
Housing Units in Tiverton  
Number of year-round housing units 2,138
Housing units that quality as affordable 361
Affordable housing units reserved for the elderly 120
Affordable housing units reserved for families 192
Affordable housing units reserved for persons with special needs 49
Homes funded through Building Homes Rhode Island 111
How much housing is needed?  
Additional housing units necessary to meet the 10% threshold established by the State's Low and Moderate Income Housing Act of 2004 253

*Calculated using a 30-year mortgage at 4.45% interest (2011 average rate) with a 3.5% down payment, property taxes (the state's median rate of $17.95 per the $1000 of the home's valuation), hazard insurance ($100/month), monthly mortgage insurance (1.25%/month).